Rainwater Equity ETF (RW) Valuation
RW valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.0 trailing earnings
- Forward P/E
- 25.6 analyst estimates
- Price / sales
- 4.17
- Price / book
- 5.62
- EV / EBITDA
- 22.5
- Earnings yield
- 3.03% inverse of P/E
- Dividend yield
- 0.55% of the holdings
- Return on equity
- 17.0% combined
- Net margin
- 12.6% combined
- Beta
- 0.95 weighted, vs S&P 500
RW valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RW | 33.0 | 25.6 | 4.17 | 5.62 | 0.55% | 17.0% | 12.6% | 8.8% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
RW valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 28.8% | 59.0 | 30.2 | 5.89 | 5.67 | 0.32% | 9.6% |
| Technology | 19.7% | 36.5 | 27.7 | 8.62 | 15.95 | 0.70% | 43.7% |
| Financial Services | 13.8% | 17.3 | 23.3 | 4.26 | 2.31 | 0.21% | 13.3% |
| Healthcare | 7.1% | 30.6 | 24.0 | 3.91 | 8.54 | 0.59% | 27.9% |
| Consumer Defensive | 4.9% | 30.0 | 19.7 | 0.90 | 6.17 | 0.95% | 20.6% |
| Basic Materials | 3.0% | n/m | 19.9 | 5.29 | 4.60 | 2.42% | −0.3% |
| Communication Services | 2.9% | 17.1 | 22.8 | 9.34 | 6.90 | 0.26% | 40.4% |
| Consumer Cyclical | 2.8% | 50.6 | 28.7 | 15.22 | 277.41 | 0.17% | 548.2% |
RW earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How RW weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RW largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FGXXX | First American Funds Inc. - Government Obligations Fund | 11.08% | — | — | — | — | — |
| BRK.B | Berkshire Hathaway Inc. | 6.97% | 13.4 | 22.7 | 3.0 | — | 25.67% |
| DPLM | Diploma PLC | 5.67% | — | — | — | — | — |
| AAPL | Apple Inc. | 5.11% | 39.4 | 35.2 | 10.7 | 0.31% | 6.39% |
| HEI | HEICO Corporation | 5.00% | 51.6 | 42.6 | 8.4 | 0.08% | 4.77% |
| MTD | Mettler-Toledo International Inc. | 4.27% | 36.6 | 28.5 | 7.9 | — | 5.75% |
| LOAR | Loar Holdings Inc. | 4.23% | 87.6 | 40.3 | 9.9 | — | 2.38% |
| MA | Mastercard Incorporated | 4.22% | 34.0 | 24.2 | 15.4 | 0.56% | 6.12% |
| AME | AMETEK, Inc. | 3.58% | 36.3 | 28.2 | 7.2 | 0.55% | 4.86% |
| NIQ | NIQ Global Intelligence plc | 3.46% | — | — | — | — | — |
| CSX | CSX Corporation | 3.21% | 28.3 | 21.2 | 6.2 | 1.15% | 5.58% |
| APD | Air Products and Chemicals, Inc. | 3.05% | — | 19.9 | 5.3 | 2.42% | −0.11% |
| GOOGL | Alphabet Inc. | 2.94% | 17.1 | 22.8 | 9.3 | 0.26% | 8.49% |
| ADDT-B | Addtech AB (publ.) | 2.88% | — | — | — | — | — |
| DGX | Quest Diagnostics Incorporated | 2.88% | 24.6 | 19.5 | 2.2 | 1.46% | 5.76% |
| USFD | US Foods Holding Corp. | 2.86% | 31.4 | 17.0 | 0.5 | — | 4.49% |
| HLT | Hilton Worldwide Holdings Inc. | 2.81% | 50.6 | 28.7 | 15.2 | 0.17% | 2.74% |
| TASE | Tel Aviv Stock Exchange | 2.62% | — | — | — | — | — |
| CSU | Constellation Software Inc. | 2.49% | — | — | — | — | — |
| MSI | Motorola Solutions, Inc. | 2.41% | 36.5 | 23.9 | 6.3 | 1.05% | 3.25% |
| GCP | General Electric Company | 2.39% | — | — | — | — | — |
| APH | Amphenol Corporation | 2.15% | 39.7 | 24.6 | 6.7 | 0.63% | 2.67% |
| KO | The Coca-Cola Company | 2.05% | 28.2 | 25.3 | 8.1 | 2.26% | 3.59% |
| CSCO | Cisco Systems, Inc. | 1.67% | 32.2 | 19.8 | 6.7 | 1.56% | 2.56% |
| MSFT | Microsoft Corporation | 1.53% | 29.5 | 25.1 | 11.8 | 0.74% | 2.56% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About RW valuation
Adding up its 23 holdings with company data, RW trades at 33.0 times trailing earnings and 25.6 times analysts' forward estimates, with a price-to-book ratio of 5.62 and a dividend yield of 0.55%. Its earnings yield of 3.03% is 2.30 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 53.6% of the fund and earn 69.9% of its combined profit. By sector, Industrials is the most expensive at 59.0 times earnings and Communication Services the cheapest at 17.1. Companies that lost money over the past year are 8.8% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 67.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RW chart, RW performance, RW holdings.
RW valuation FAQ
What is the P/E ratio of RW?
Based on its holdings, RW has a trailing P/E of 33.0 and a forward P/E of 25.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RW?
The trailing earnings yield is 3.03% (1 ÷ P/E) and the forward earnings yield 3.90%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RW more expensive than the S&P 500?
RW trades at 33.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 25.6 and 19.9.
What is the price-to-book ratio of RW?
The holdings of RW trade at 5.62 times book value, with a combined return on equity of 17.0%.
Which sector in RW has the highest P/E?
Industrials has the highest P/E at 59.0 and Communication Services the lowest at 17.1.